3 Flat 1938 Halsted Lincoln Park Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

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3 Flat 1938 Halsted Lincoln Park Chicago IL Mu In

City: CHICAGO ZIP: 60614

Built In: U

Lot Size: A

Lot Dimensions: 25X125

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $1950

Unit 2 Floor 2: 2 bedrooms 1 baths $2400

Unit 3 Floor 3: 2 bedrooms 1 baths $2395

Gross Income $80,940

Net Op. Income $60,076

Detailed Listing Description

Prime Lincoln Park 3 flat w/fully occupied leases. Renovated building with new kitchens/baths/furnace/laundry. Separate mechanicals for each unit. Two 2-bedrooms, One 3-bedroom, 4 exterior parking spaces. Coin Laundry in lower level. Great investment on 25 x 125 lot next to retail, entertainment, and Depaul. RT4 Zoning. Can be purchased as a package with 1942 N. Halsted, MLS# 10052965. 90 day kick-out clause on all leases.

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces4
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Appliances Unit 1A,B,E,F,I
  • Appliances Unit 2A,B,C,D,E,F,I
  • Appliances Unit 3A,B,E,F,I
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60614

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,397,655 to $1,464,000
This listing is 11% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lincoln Park

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,494,179 to $1,560,429
This listing is 17% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $80,940 Monthly $6,745
Rental Income Stabilized : Annual $72,900 Monthly $6,075
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$6,745$6,075
Year Total$80,940$72,900
Net Operating Income$50,028$41,988
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $15094 $41795 $56889 $4741
Total         $15,094 $41,795 $56,889   $-6,861 $15,094 $8,233
Stabilized         $15,094 $41,795 $56,889   $-14,901 $15,094 $193
Custom         $15094 $41795 $56889   $-14901 $15094 $193

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

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Listing Agent: Christine Hancock
Listing Office: @properties
728 W. Jackson Street #601 Chicago

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